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How to bridge USDC from Matic to Celo Using Optics.app

Celo has been capturing a lot of TVL lately hitting an ATH of $1B+ locked in the protocol in November 2021. As more liquidity keeps coming in, more bridges are emerging and today we will be looking at Optics.

It is a very easy and straightforward Dapp that will let you move funds between multiple chains. Today we will be moving USDC from Polygon to Celo using the Optics bridge.

Wallet Connect and Setup #

You can connect your wallet by clicking on the button in the top right corner of the screen.

Once connected you will be able to choose the currency and network you are sending from along with the destination network. In this specific example you should select USDC from the dropdown menu and the Polygon network as the starting point.

Depending on the exchange you used to acquire your USDC tokens they may be under “USDC” or “USDC (PoS)” so be sure to check both.

Destination network should be set to Celo. Additionally, you can change the receiving address if you are sending funds to a different wallet. If you want to receive the bridged USDC in the same wallet you are sending from then simply leave the destination address unchanged.

Sending USDC to Celo #

If everything is in order you will be able to click on the “bridge” button at the bottom of your screen. This will prompt a message explaining the risks of using Optics.

If you agree with everything click on Send and confirm the transaction. As with almost all bridges the first transaction will approve the spending of your funds and the second one will start the bridging process.

Optic is a work in progress so it may take some time before you receive the funds on the other end. Depending on the circumstances it can take anywhere from a few hours to a few days so plan accordingly.

Conclusion #

Optics is a protocol developed by the Celo dev team and it will need some time before it becomes fully functional. Errors, delays and failed transactions should be expected during this period.

All information regarding the protocol can be found here and in case you need assistance with your transaction you can click on the “support” button at the bottom of the website and seek help in their Discord channel.

While the Dapp is easy to use it is still not very reliable, so it is probably best to test it out with small amounts at first. Minimum USDC amount that users can send is $10. Supported networks include Polygon, Celo and Ethereum Mainnet.

Updated on November 17, 2021
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Our mission here at RugDoc is to screen for hard rug code that results in 100% theft of ALL underlying funds for ALL participants.

This is the ONE part of the due diligence process that most people cannot simply do on their own as it costs thousands of dollars to hire a senior solidity developer to look over a farm for safety.

A project coin with terrible code can go up in price, and a project with good code and a good team can also go down in price.

Do NOT use our ratings to refer to your likelihood in making money if you invest in the project. They are ONLY in reference to code safety.

Everything else beyond code safety is YOUR responsibility to go do research on. We just make sure the casino you’re betting in won’t rob you before you even get to place a bet.

Our reviews for projects are organized into a few colors.

🟢 Least Risk
These projects are the least likely to hard or soft rug. Usually reserved for cornerstone projects of an ecosystem where it makes no financial sense for them to rug in any manner as they make more money just being legit.

🔵 Low Risk
These projects are usually established projects in an ecosystem that have a track record of success or have KYC’d to us or other authoritative sources in the real world. As a result, it is extremely unlikely for them to soft rug or hard rug their projects. The projects can still fail and the token price can go down, but usually more as a result of natural market forces.

⚪️ Some Risk
This is the default rating for projects with unknown teams but have code that is unlikely to have hard rug risk. Since the team is unknown and doesn’t have a track record of success, it’s entirely possible that they may try to soft rug by dumping tokens, abandoning the project, etc. Even a last minute contract swap to a malicious contract is possible. The only thing that is unlikely is a complete hard rug as long as you are 100% sure you deposit into the contract we review.

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Similar to Some Risk, but the underlying code itself is custom enough or complex enough that it warrants an elevated risk rating that needs deeper research. Make sure you read every point presented to make sure you’re comfortable with that before entering. Still unlikely to hard rug, but more chances of custom code behaving incorrectly and causing other issues.

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Project contains code or practices that are HIGHLY LIKELY to lead to catastrophic losses as they are right now. Make sure you read the description carefully as we will always warn what these issues are. If you see the words Hard Rug anywhere in the review, STAY FAR AWAY!

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